Unilateral transfers represent

A) the balance of services coming into a country.
B) the balance of government bonds bought and sold by residents of a country.
C) the balance of financial gifts—both private and public—entering and leaving a country.
D) the balance of official transfers within an economy.

C

Economics

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The productive resource that includes all the "gifts of nature" is called

A) land. B) labor. C) capital. D) entrepreneurshi

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If the price elasticity of demand for peanut butter is 2.4, then peanut butter

A) has an elastic demand. B) has an inelastic demand. C) has a unit elastic demand. D) is a normal good.

Economics